China clears 25 Brazil meat plants for export, lifting shares

China granted export licenses to 25 Brazilian meatpacking plants, Brazil's ...

BRASILIA/SAO PAULO - China granted export licenses to 25 Brazilian meatpacking plants, Brazil’s Agriculture Ministry said on Monday, allowing the country’s fast-growing protein industry to feed more people in the Asian nation where disease has hurt local supply.

Brazil’s Agriculture Ministry said the plants - including 17 for beef exports, six for chicken, and one each for pork and donkey meat - “can already export immediately.” Orlando Ribeiro, trade and foreign relations secretary at Brazil’s agriculture ministry, said at an event in Sao Paulo that the government would welcome additional plant approvals, suggesting the country might be able to streamline the evaluation process by “pre-listing” some meatpacking plants, a move that requires Beijing’s approval.

Brazil’s biggest meatpackers say they monitor their supply chains to avoid buying cattle from illegally deforested land.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China will not tolerate attempts to separate Hong Kong from China: state mediaHong Kong is an inseparable part of China and any form of secessionism 'wil...
Read more »

Brazil wants to make it harder to become a retireeNew reforms could support the economy and future workers
Read more »

FIBA World Cup results: U.S. earns Olympics berth with win over BrazilThe first mission for the U.S. is complete: The Americans are going to the Tokyo Olympics. And now the World Cup quarterfinals await.
Read more »

Chinese President Xi Jinping to visit Brazil in November for BRICS summitBrazil's Vice President Hamilton Mourao said on Monday that Chinese Preside...
Read more »

Mnuchin: Currency will be a focus of next round of China talksTreasury Secretary Steven Mnuchin said China’s currency practices will be a topic of conversation during the next round of trade talks with China next month
Read more »

Dow rises 100 points, inches closer to record high amid China trade optimismTreasury Secretary Steven Mnuchin said China and the U.S. have a “conceptual agreement” on enforcement of intellectual property theft, one of the more contentious negotiation points between the two countries.
Read more »